What Is FIRPTA?
FIRPTA, the Foreign Investment in Real Property Tax Act, makes a foreign person's gains from selling US real estate subject to US tax. It also imposes withholding on the buyer and reporting to the IRS.
FIRPTA is the Foreign Investment in Real Property Tax Act, a set of regulations governing the sale of real estate by foreign investors in the United States and was enacted in 1980 to protect the US tax base from potential loss due to the sale of real estate by foreign investors.
FIRPTA requires that any gains from the sale of real estate by a foreign person be subject to US taxation, imposes withholding requirements on the purchaser of the real estate, and requires the reporting of certain information about the transaction to the IRS.
For more information, read FIRPTA: What Foreign Investors of US Real Estate Need to Know.
News
- Florida Guardianship Rule Changes Take Effect January 1, 2027: Conflicts of Interest and Emergency Notice
- Palm Bay Development Agreement DA26-00001: City Council Hearing on Emerald Lakes East Phase I, October 15
- Florida Property Tax Appeal Rules for Remote Hearings Take Effect November 2, 2026
- Florida Rule Changes for Nonparty Records Subpoenas Take Effect January 1, 2027
- Melbourne Ordinance 2026-34: City Council Second Reading on Outdoor Entertainment Venue Zoning, October 27
- Florida Property Tax Appeal Rules Became Effective August 27, 2026
- Cocoa Beach Ordinance 1719: City Commission First Reading on Boat, RV, and Trailer Parking Rules, October 15
- Florida Probate Rule Changes Take Effect January 1, 2027: Death Records and Discovery
- Cocoa Beach Ordinance 1728: City Commission First Reading on Vacation Rental Occupancy Advertising, October 15